German factory orders unexpectedly decline as exports slow down
Exporters are struggling with a China-led slowdown in emerging markets
German factory orders unexpectedly fell in February in a sign that a global trade slowdown is weighing on Europe’s largest economy.
Orders, adjusted for seasonal swings and inflation, dropped 1.2 per cent from the prior month, when they rose a revised 0.5 per cent, data from the Economy Ministry in Berlin showed. The reading, which is typically volatile, compares with a median estimate for an increase of 0.3 per cent in a Bloomberg ...
